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Banks, luxury stocks hammered as Chinese trade fears hit Europe

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European shares fell on Friday as a deterioration in U.S.-China ties compounded fears of a slower recovery from the economic damage wreaked by the COVID-19 pandemic.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 20, 2020. REUTERS/Staff

Beijing on Thursday planned to impose a new security law in Hong Kong, raising prospects of fresh protests in the global financial hub and drawing a warning from U.S. President Donald Trump that Washington would react “very strongly”. Rising tensions between the world’s two largest economies have stalled a recovery in equity markets in recent weeks after Trump accused China of mishandling the coronavirus outbreak.

 

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What’s going on between China n Europe

So Europeans do need the Chinese.

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Sverige Senaste nytt, Sverige Rubriker